Zelensky's declaration 2019: Multimillion income and real estate abroad

Source : 112 Ukraine

Income of the head of state and members of his family in 2019 amounted to over one million USD
19:29, 30 May 2020

President of Ukraine Volodymyr Zelensky
Press service of Ukrainian President

President of Ukraine Volodymyr Zelensky filed a declaration on property, income, expenses and financial liabilities for 2019. The document is published in the electronic registry of the National Anti-Cprruption Agency.

According to the document, the income of the head of state and members of his family in 2019 amounted to a little more than 28.6 million UAH (over 1 million USD). It is also known that over the past year, the president’s family paid UAH 3.6 million (133 000 USD) in taxes.

In the period from May to December 2019, Zelensky received 208 787 UAH (7733 USD) of wages in the State Administration of Affairs. In the reporting period, an increase in the wife's wages and a decrease in the salary and income from entrepreneurial activity of the president himself were recorded.

In particular, in 2019, the president’s family received funds to repay the value of bonds of internal state loan for a total of 5.1 million UAH (188 880 USD) and incurred expenses for the acquisition of OVDPs in the amount of 5.2 million UAH (192 590 USD).

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Also, Volodymyr Zelensky declared a little more than 4.4 million UAH (163 000 USD), which was received from the sale of real estate of his wife Olena in the city of Kyiv.

In addition, the president’s family sold the corporate rights of all twelve Ukrainian enterprises to the family of Serhiy Shefir in the amount of UAH 246 million (9 million USD), and in the spring of last year got rid of the shares of Green Family LTD, as well as all four trademarks registered in the Russian Federation.

The President also lost corporate rights in Vilhar Holdings Limited and Aldorante Limited foreign companies.

Zelensky continues to be the owner of a large number of trademarks, including two Servant of the People trademarks registered in his name. According to PricewaterhouseCoopers, the cost of the Vechirniy Kvartal brand is UAH 45.81 million (1 690 000 USD). Based on the assessment, Zelensky received royalties from the use of trademarks in the amount of 548 000 UAH (20 296 USD), so his income increased compared to the previous year.

Regarding this declaration, the President’s Office specified that the trip of Volodymyr Zelensky to the Sultanate of Oman was paid for by his wife and thus, according to the law, these expenses were not declared.

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